Applied Business Software (ABS) has introduced The Loan Office, designed for smaller lenders who need a powerful and affordable solution for managing loans. The Loan Office is a state of the art system, ideal for managing loans, collecting payments, paying investors, printing statements and much more. ABS has been creating versatile solutions for private lenders, investors, brokers, mortgage lenders, attorneys, loan originators, fund administrators, note buyers, accountants, non-profits and municipalities for over 35 years. Anyone who manages any type of loan can benefit from the software’s powerful feature set. ABS, with its market share, credibility, knowledge, and expertise in software design, set out to design a powerful and affordable software for loan servicing.
Some of the software’s features include QuickBooks integration, letter-writing, conversation log, fully integrated document imaging and management system, contact management, reminder system, user defined fields, RESPA compliant escrow administration, unlimited unpaid charges per loan, payment processing (NSFs, payoffs, etc.), comprehensive year-end tax reporting (1098s, 1099-INTs, Canadian T5s), built-in financial calculator, context-sensitive help assistant, and a minimum 11 hour a day software support. ABS says The Loan Office is the answer for small lenders and their need for powerful, flexible, compliant, and affordable software.
“There has always been a need for powerful software for smaller lenders, and we understand the economics for small businesses when making these decisions,” commented Jerry Delgado, CEO of Applied Business Software. “The Loan Office fills that gap. It allows customers to start out with an affordable solution, and then upgrade later to our larger enterprise, multi-module software The Mortgage Office as their business expands and grows.”